the labor Department released another report on the number of applications for unemployment benefits.
Over the past reporting week ended April 18, for benefits addressed to 4.4 million Americans. Thus, from the beginning of the quarantine, the country introduced five weeks ago, the total number of applications amounted to more than 26 million shares.
the real unemployment rate is much higher, analysts say. first, by 13 March, the US has been 7.1 million unemployed. Thus, the total number of unemployed subject to the filed applications for benefits have already exceeded 33 million And hence the level of unemployment in the country reached to 20.6% — the highest rate since 1934. A senior economist at Capital Economics Paul Ashworth, whose opinion leads the CNBC, believes that in two weeks, when will be published the report about the level of unemployment in the country, this figure will be 23%. Such in the history of the United States was not. In 1933, during the great depression, unemployment reached 24.9 per cent.
secondly, according to experts, the filing of applications for benefits can take several weeks, so the final numbers of lost due coronavirus jobs will be visible not soon. “We know that tens of millions of Americans lost their jobs. More people are affected: they either reduced working hours or reduced wages”, — quotes The Wall Street Journal senior economist Glassdoor Daniel Zhao.
Kirill Saranac.
